US Defense Dept. Backing $725M Loan to Onshore Rare Earth Processing for Energy Fuels
The Department of War’s Office of Strategic Capital announced a $725 million conditional loan commitment with Energy Fuels, Inc. to scale domestic rare earth processing and midstream metallization, expanding a U.S.-based facility (White Mesa Mill) to bolster the nation’s onshore supply chain for rare earths; the loan is contingent on standard due diligence, with OSC already mobilizing billions in debt financing to bolster the American industrial base and national security.